Artificial intelligence (AI) and big data crypto projects have experienced a significant rebound, with their market capitalization increasing by 131.35% since June 8, following the momentum of Bitcoin's ongoing bull run. As of November 19, the total market cap of these tokens reached $42.13 billion, driven by key projects like Near Protocol, Internet Computer, and Render. This surge can be attributed to positive investor sentiment, regulatory clarity, and the absence of major ecosystem collapses. Previously, the AI token market had declined to $18.21 billion in June 2024 after peaking at $44.99 billion in March. The recovery indicates a robust position for the AI industry, potentially surpassing its all-time high by the end of November. Other notable AI tokens also include Bittensor and The Graph. Overall, AI tokens now constitute 1.36% of the entire crypto market, suggesting ample room for growth in this sector.

Source 🔗